Biggest* Deficit EVER!

Well, not quite. In absolute terms, we are running the largest federal budget deficit ever. As a percentage of the Gross Domestic Product, the deficit isn't the biggest, but it is still one of the largest. Since WWII, the only deficits that have been larger as a portion of the GDP were 85-86 and 91-92 deficits. Needless to say, all of these mammoth deficits were under Republican Presidents.